Form 4: Nasdaq Executive John Zecca Reports Changes in Beneficial Ownership After PSU Settlement

Executive Vice President John Zecca reported changes in beneficial ownership of Nasdaq, Inc. stock following the settlement of performance share units (PSUs) and associated tax withholding.

Summary

• John Zecca, an Executive Vice President at Nasdaq, Inc., filed a Form 4 to report changes in his beneficial ownership of the company's stock.
• The changes resulted from the settlement of performance share units (PSUs) granted under Nasdaq's Equity Incentive Plan.
• The settlement occurred on February 19, 2025, and involved the acquisition of 18,211 shares of common stock at $0.
• Additionally, 6,480 shares were withheld for taxes at a price of $81.24 per share.
• Following these transactions, Zecca beneficially owns 124,994 shares of Nasdaq common stock.
• This total includes 17,091 shares or units of restricted stock (of which 0 are vested) and 107,903 shares of common stock underlying PSUs (all of which are vested).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the stock ownership of company insiders. The settlement of PSUs is a common practice for aligning executive incentives with company performance.

Stakeholder Impact

• Shareholders are informed about changes in executive stock ownership.
• The filing provides transparency into executive compensation practices.

Key Dates

Keywords

Form 4, Beneficial Ownership, Nasdaq, Executive Compensation, Performance Share Units, Stock Settlement, Tax Withholding, Equity Incentive Plan